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Feds streamline project approvals

Published by Steve Coleman on April 17, 2012

The federal government has announced its plans to streamline the environmental approval process for new resource development projects.

The list includes moving to a "one project, one review" process to cut down on the amount of red tape and time it takes to approve new developments and setting out a 45-day deadline for the Canadian Environmental Assessment Agency to decide whether or not the federal government needs to get involved.

Government figures say the natural resource sectors employed more than 760,000 workers Canada-wide in 2010. Combined, energy and mining account for 10 per cent of the country's economy and 40 per cent of Canadian exports.

In the next 10 years, more than 500 projects worth more than $500 billion in new investments have been proposed.

For a full look at the government's plans, visit the newest federal budget web site at http://www.actionplan.gc.ca/eng/feature.asp?pageId=448.

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